Answer:
The answer is option A)
In order to continue operating, in the long-run a firm must A) Charge a price equal to its AVC
Explanation:
In order to continue operating, in the long-run a firm must charge a price equal to its Average Variable cost AVC.
This is because, a long run is a period of time in which all factors of production and costs are variable.
Over the long run, a firm will search for the production technology that allows it to produce the desired level of output at the lowest cost. If a company is not producing at its lowest cost possible, it may lose market share to competitors that are able to produce and sell at minimum cost.
D. The company selling the product is using, "<span>an emotional appeal in advertising as a method of non-price competition"
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Hope this helps!</span>
Answer:
c. Shine at Interviews
Explanation:
We write a thank-you letter to the company after shine at Interviews in order to follow up
Answer:
$4,480
Explanation:
The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.
As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.
Goods and services tax = 5% × $4,000
= $200
Provincial sales tax = 7% × $4,000
= $280
Total debit to advertising expense
= $4,000 + $200 + $280
= $4,480
